This is one of the few industries that consistently and continuously posts record profits while also firing everyone who put in the work to make the success possible.

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[–] azertyfun@sh.itjust.works 3 points 1 year ago

Co-ops are quite rare in Europe as well. I can't name a single tech co-op.

In fact I'd say it worse over here. In my experience stock options are a very rare kind of remuneration, whereas as far as I understand it's common in US Big Tech companies like Google or Apple (though of course non-voting shares are a far cry from actual co-ownership of the company).

On the other hand corporate profits are taxed pretty high in many countries (for the smaller tech companies that aren't based in Ireland). It's 30 % here in Belgium IIRC. So at least some of the profits make it back to the people, in a more general sense.